Economic Data Calls for April 1, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (April 1, 2020) — Good Luck Trading!

1. AU Manufacturing PMIs (17:30 ET) Bearish AUD — Expect major drop in PMI in March as Chinese activity halts
2. RBA Minutes (20:30 ET) Bearish AUD — RBA cut rates. Minutes should be dovish
3. EZ PMI Revisions (03:55 ET) No Trade — Revisions are difficult to predict but changes can be market moving
4. UK PMI Revisions (04:30 ET) No Trade — Revisions are difficult to predict but changes can be market moving
5. US ADP (08:15 ET) Bearish USD — ADP should be much weaker than forecast
6. US ISM Manufacturing (10:00 ET) Bearish USD — Should be much weaker given sharp drop in Empire State and Philly Fed Index

Economic Data Calls for March 31, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (March 31, 2020) — Good Luck Trading!

1. Chinese PMIs (21:00 ET) Bearish AUD — Market meltdown and spread of COVID19 should trigger major drop in sentiment
2. UK Q4 GDP Revisions (02:00 ET) Bearish EUR — Revisions are difficult to predict but changes will be market moving
3. GE Unemployment (03:55 ET) Bearish EUR — PMIs report broad contraction in private employment
4. EZ CPI (05:00 ET) Bearish EUR — Prices fall according to PMIs in service and manufacturing sector
5. CAD GDP (08:30 ET) No Trade — Weaker trade balance, stronger retail sales
6. US Consumer Confidence (10:00 ET) Bearish USD — Market meltdown should trigger major drop in sentiment

Economic Data Calls for March 27, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (March 27, 2020) — Good Luck Trading!

1. US Personal Income and Spending (08:30 ET) Bearish USD — Average hourly earnings was up but retail sales dropped which signals weakness in spending

2. University of Michigan Consumer Sentiment Index Revisions (10:00 ET) No Trade — Revisions are difficult to predict but downward revisions is likely

Economic Data Calls for March 26, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (March 26, 2020) — Good Luck Trading!

1. UK Retail Sales (03:00 ET) Bearish GBP — Potential downside surprise given drop in BRC sales and confidence

2. UK Bank of England Rate Decision (08:00 ET) No Trade — Likely to be bearish but rate decisions are best traded reactively

3. US Jobless Claims and GDP Revisions (08:30 ET) Bearish USD — Major increase expected in jobless claims

Economic Data Calls for March 25, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (March 25, 2020) — Good Luck Trading!

1. NZ Trade Balance (17:45 ET) Bullish NZD — Rise in manufacturing PMI suggests Feb data may not be so terrible

2. UK PCPI (05:30 ET) Bullish GBP — Manufacturers report that shortages lead to increase in prices. Services report same says prices hit 27 month highs

3. US Durable Goods (08:30 ET) Bearish USD — Coronavirus expected to cause durable goods to plunge

Economic Data Calls for March 24, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (March 24, 2020) — Good Luck Trading!

1. Eurozone PMIs (04:30 ET) Bearish EUR — Significant weakness likely given sharp decline in IFO and ZEW

2. UK PMIs (05:30 ET) Bearish GBP — Significant weakness likely given virus impact

3. US Markit PMIs and New Home Sales (09:45 & 10:00 ET) Bearish USD — Significant weakness in manufacturing and service sector activity expected

Economic Data Calls for March 19, 2020

Weekly Calendar Calls

Here’s what we are looking for in tomorrow’s economic reports (March 19, 2020) — Good Luck Trading!

1. NZ Q4 GDP (17:45 ET) No Trade — Weaker retail sales offset by better terms of trade

2. AU Employment (20:30 ET) Bearish AUD — Likely to be weaker given declines in employment component of manufacturing and services PMI

3. Swiss National Bank Rate Decision (04:30 ET) No Trade — Pressure is high for them to ease, interest rates are deeply negative and the central bank prefers market intervention than rate cuts to weaken the currency.

4. US Philadelphia Fed Index (08:30 ET) Bearish USD — Potential decline given sharp drop in Empire State survey